To ask Her Majesty's Government what steps Homes England is taking (1) to encourage, and (2) to create opportunities for small and new-entry builders in the housing construction sector; and what plans they have, if any, to reflect these steps in the specification for the forthcoming tender for Homes England's Delivery Partner Panel 4. (HL9306)
Minister of State for Communities and Local Government (Lord Greenhalgh):
Homes England’s strategic objectives include helping small builders grow into medium builders and to encourage new entrants into the market. The Home Building Fund specifically focuses on supporting SME builders who are unable to access suitable finance in the marketplace. It does this by providing development finance direct, as well as through lender frameworks designed to encourage and enhance the supply of liquidity in the market to the SME builder.
In addition, Homes England looks to ensure SMEs can access land through its Land Hub, and the agency’s standard building lease sets out a legal obligation for a proportion of homes to be built out by SMEs or Registered Providers.
Work to replace the current Delivery Partner Panel (DPP3) is focused on diversifying the housing market and increasing SME access to public land opportunities, in line with the agency’s strategic objectives.